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  2. Predicting the timing of peak oil - Wikipedia

    en.wikipedia.org/wiki/Predicting_the_timing_of...

    An October 2021 article by Fortune journalist Sophie Mellor predicts that 2025 will mark peak oil demand, though mentioned that the International Energy Agency stressed trillions of dollars in renewable energy investment. Past predictions 1880s-1940s "Petroleum consumption enormous", article in Tractor and Gas Engine Review, 1918.

  3. Peak oil - Wikipedia

    en.wikipedia.org/wiki/Peak_oil

    Peak oil. A 1956 world oil production distribution, showing historical data and future production, proposed by M. King Hubbert – it had a peak of 12.5 billion barrels per year in about the year 2000. As of 2022, world oil production was about 29.5 billion barrels per year (80.8 M bbl /day), [1] with an oil glut between 2014 and 2018.

  4. Hubbert peak theory - Wikipedia

    en.wikipedia.org/wiki/Hubbert_peak_theory

    The Hubbert peak theory says that for any given geographical area, from an individual oil-producing region to the planet as a whole, the rate of petroleum production tends to follow a bell-shaped curve. It is one of the primary theories on peak oil . Choosing a particular curve determines a point of maximum production based on discovery rates ...

  5. Oil, gas, and coal demand to peak before 2030 as clean ... - AOL

    www.aol.com/finance/oil-gas-coal-demand-peak...

    The International Energy Agency says the share of coal, oil, and natural gas in global energy supply, stuck for decades around 80%, will start to edge downward and reach 73% by 2030.

  6. Global conditions dictating oil, gas prices - AOL

    www.aol.com/global-conditions-dictating-oil-gas...

    Nov. 17—Bobbing around like dinghies in a turbulent sea, recent oil and natural gas prices have reflected their historic sensitivity to fluctuations in worldwide supply and demand and other factors.

  7. OPEC says oil demand strong despite 'overblown negative ... - AOL

    www.aol.com/finance/opec-says-oil-demand-strong...

    The current oil price level is a stark difference from the 2023 highs in late September and a 28% rally in the third quarter. On Friday crude posted its third consecutive week of losses, its ...

  8. 2023–2025 world oil market chronology - Wikipedia

    en.wikipedia.org/wiki/2023–2025_world_oil...

    2023. Both Brent and WTI started the year down more than 8 percent, the most for a first week since 2016. Brent finished at $78.57 and WTI at $73.77, after gaining 13 percent in the previous three weeks. U.S. jobs news indicated the economy was slowing, meaning less chance of another large interest rate increase, and the dollar jumped.

  9. Oil prices: Predictions for 2023 [Video] - AOL

    www.aol.com/finance/oil-prices-predictions-2023...

    Average oil price/barrel projections: Citi: Brent $80, WTI $75 "Our base case, by the way, is that oil demand growth next year is going to be around 1.2 or 1.3 million barrels a day.

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